1.7 Course & Loan Information
This topic describes the section where you must provide information regarding your course and loan requirements.
Course details will include details such as course location, collage/university name, proposed course of study, course duration, the costs involved, etc.
Figure 1-11 Course & Loan Information
Note:
The fields which are marked as Required are mandatory.For more information on fields, refer to the field description table.
Table 1-10 Course & Loan Information - Field Description
| Field Name | Description |
|---|---|
| Course Details | |
| Loan Purpose | The purpose for which the loan is being applied for. |
| Course Location | Specify whether the course you have applied for is within the country or is
in a foreign country.
The options are:
|
| Country | The country in which the course is held.
This field is enabled only if you select the Overseas option in the Course Location field. |
| University/School | The name of the university or school in which you intend to study. |
| Institution | The name of the parent institution of the university or school in which you intend to study. |
| Proposed Course of Study | The course which you intend to study. |
| Specialization | The specialization that you intend on taking. |
| Course Type | Specify the type of course.
The options are:
|
| Course Duration | The duration of the course you intend on studying. You can enter the duration in years and months. |
| Course Commencement Date | The date on which the course will start. |
| Admission Status | The status of admission i.e. whether you have already attained admission to
the course or not.
The options are:
|
| Cost of Course | Click on the icon to add information pertaining to course expenses. |
| Cost of Course |
The following fields will be displayed in the Cost of Course overlay layer once you click on the Cost of Course option. |
| Tuition Fees | The cost of tuition. |
| Living Expenses | The cost of living that is estimated to be incurred during the course of education. |
| Travel Expenses | The cost of travel that is estimated to be incurred during the course of education. |
| Examination Fees | The cost of travel that is estimated to be incurred during the course of education. |
| Others | Any other expenditure that is estimated to be incurred during the course of education. |
| Cost of Course |
The following fields will be displayed in the Cost of Course overlay layer once you click on the Cost of Course option. |
| Individual Costs | The amount values as entered against each field in the Cost of Course overlay layer will be displayed in this section. |
| Total Amount | The total cost of course i.e. the sum of all the amount values entered against applicable individual costs will be calculated and displayed. |
| Eligible for Financial Assistance? | Specify if you are eligible for any scholarship or other financial assistance
programs.
The options are:
|
| Financial Assistance Amount | The amount of financial assistance that you are eligible for. This field will be displayed if you have selected option Yes under the Eligible for Financial Assistance? field. |
| Loan Details | |
| Loan Term | The tenure of the loan in terms of years, months, and days.
Note:
|
| Loan Amount | The amount of the loan.
Note: The loan amount must be within the minimum and maximum allowed range defined at the product level. |
| Interest Rate Type | The type of interest rate to be applied on the loan i.e. fixed or
floating.
Note: In the event that a single type of interest rate is defined for the loan product, this field will be designated as read-only, and the corresponding applicable interest rate type will be presented alongside it. |
Parent topic: Education Loan Application

